Mayfield Closes Second Dedicated India Fund at $108M
February 20, 2014
Early-stage VC firm Mayfield has closed a $108 million VC fund entitled Mayfield India II. The fund's investment strategy is to deploy investments ranging from $2 million to $8 million in companies targeting the infrastructure sector, tech and tech-enabled services and the consumer middle class. Its predecessor fund closed on $111 million in 2008, and has achieved an IRR of 5.80% as of September 30, 2013. Current Mayfield investments include Amagi Media, Centum Learning and Genesis Colors.